Speaker: Harini Sreenivasan, Partner Semcostyle Institute India
Hi everyone,
Compensation is what employees receive in exchange for their contribution to the organization. A dashboard is a type of graphical user interface which often provides at-a-glance views of key performance indicators (KPIs) relevant to a particular objective or business process. Information is the oil of the 21st century and analytics is the combustion engine.
Takeaways from the above video Dashboards helps in: 1. Improving Efficiency: Workforce dashboards allow for quick access and analysis of your people data. Before the use of software organizations relied on IT to collect, analyse & visualize KPIs and other business metrics.
2. Better Decision Making: and quick data access begets quick action. Real time data analysis allow users to use KPIs to make informed business decision during critical time rather than replying on “Gut feeling” accurate data = fewer mistakes.
3. Focus and Alignment: By providing your organizations with the “Big Picture” of KPI dashboard teams can focus on the most important metrics and align business processes with business goals.
4. Improve Business Agility: Real time data allows organizations to spot problems or change early and plan and adapt quickly with a comprehensive.
Features of Dashboards 1. Interactive: A KPI dashboard should allow you to drill down into a visualization, apply any relevant filter and more to help uncover the root of insight.
2. Shareable: It was business with soiled data that faced the most challenges. While that is still a challenge for many business today, it’s those that don’t democratize their data that are falling behind. Modern tools should enable users to share dashboard with each other, create private subscriptions, schedules, alerts and more.
3. Visually Rich: Data is only as good as the form it’s presented in. The best tools have extensive visual libraries that allow were to control every level of how to best express data.
4. Customizable: Software should enable every users to create and customize dashboards for their specific use case and make turning reports into dashboards a simple process.
Workforce dashboards should be able to answer following things: a. Employee Tenure (Infancy turnover, exit rate)
b. Employee Department (Young, Old, Full time, Part Time)
c. Performance Rating (3 years rating, Performance improvement)
d. Employment Status ( Freelancers, Temporary and Permanent Staff)
Thought of the day: “Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”― Peter Drucker (Father of Modern Management)
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